Politics
PM Modi chairs meeting with economists, sectoral experts in Delhi India TV
Prime Minister Narendra Modi is currently chairing a crucial meeting with eminent economists and sectoral experts. The gathering aims to discuss key economic issues and strategies to address the country's challenges in various sectors. Union Finance Minister Nirmala Sitharaman is expected to present the Budget for 2025-26 in the Lok Sabha on February 1, 2025. Sitharaman, Niti Aayog Vice Chairman Suman Bery, Niti Aayog CEO BVR Subrahmanyam, chief economic advisor Anantha Nageswaran and eminent economists including Surjit Bhalla, DK Joshi attended the meeting. PM Modi chairs these meetings ahead of the budget. A similar meeting was held in July also before the Union Finance Minister announced the Budget for 2024-25 in the Lok Sabha on July 23.
Budget date 2025
Union Finance Minister Nirmala Sitharaman is expected to present Budget 2025-26 in the Lok Sabha on February 1, 2025. This would be the second full budget of Prime Minister Modi's third term and the eighth consecutive budget presented by Sitharaman .
The stock market will remain open on budget day
Stock markets will remain open on Saturday (February 1) when Finance Minister Nirmala Sitharaman presents the Union Budget, stock exchanges BSE and NSE said on Monday. Stock markets are generally closed on Saturdays and Sundays, except in special circumstances. Negotiations will take place during normal hours from 9:15 a.m. to 3:30 p.m.
The markets were open on February 1, 2020 and February 28, 2015, both on a Saturday, when the Union Budgets were presented.
Will the government impose a “sin tax”?
Ministers tasked with rationalizing the GST rate had earlier suggested increasing the tax rate on sinful products like soft drinks, cigarettes, tobacco and similar items from 28% to 35%.
Traditionally, governments have applied a “sin tax” on products known to have harmful effects on public health, such as alcohol and tobacco. This tax is imposed at higher rates with the dual objectives of discouraging consumption and generating revenue to support social programs.
Sources 2/ https://www.indiatvnews.com/business/news/pm-modi-chairs-meeting-with-economists-sectoral-experts-in-delhi-budget-2025-union-finance-minister-nirmala-sitharaman-2024-12-24-967717 The mention sources can contact us to remove/changing this article |
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